AXISCADES Engineering Technologies has received an approval for entering into Joint Venture Agreement (JVA) with Assystem Engineering and Operation Services SAS (France), for the purpose of exploring opportunities in Energy and Nuclear Sector.

The board of directors at its meeting held on May 30, 2017 has approved for the same. The company has signed a Memorandum of Understanding (MOU) with Assystem Engineering and Operation Services SAS (France) for the same.

AXISCADES Engineering Technologies is engaged in the business of rendering engineering design services and is also into Software Development.

Shares of the company declined Rs 3.40, or 2.45%, to trade at Rs 135.45 at the BSE (Wednesday).